KELAB=CD pattren play beark B point and retracment complete at fib level 0.50%
buy 5.32
SL 3.53
TP 8.07
KEL trade ideas
KEL K-Electric LimitedThe stock displays a bullish flag pattern on strong volume, trading confidently above both the 20 and 200-day EMAs, suggesting robust upward momentum. Yesterday witnessed some profit-taking following the formation of a double top. However, a decisive break above the flag's resistance level will confirm the continuation of the bullish trend.
Trading Strategy:
* Buy: Enter at 5.91
* Targets: 8.84, 11.59
* Stop-Loss: 4.79
KEL | Death CrossTechnical Analysis of KEL (K-Electric Limited) Shares
Current Price Behavior and Key Indicators:
Establishing Pattern of Death Cross: KEL shares are currently exhibiting a technical pattern known as a "death cross," which occurs when the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. This pattern is often interpreted as a bearish signal, suggesting that a downtrend may be in place or could be developing.
Resistance Level: The stock is facing significant resistance around the 4.45 level. This price point has proven challenging for the stock to surpass, indicating a potential barrier for upward momentum. If KEL fails to break through this resistance, the bearish outlook may continue to gain strength.
Support Level: Major support is identified around the 4.00 level. This price point has historically provided a floor for the stock’s price, where buying interest tends to emerge. A break below this support could signal further declines and might lead to testing lower levels.
Trading Below 200-Day Simple Moving Average: KEL shares are currently trading below their 200-day SMA, a key long-term trend indicator. When a stock trades below this moving average, it typically suggests a prevailing downtrend and indicates that market sentiment is negative.
Overall Sentiment:
Given the establishment of a death cross pattern, resistance at 4.45, major support around 4.00, and trading below the 200-day SMA, the overall technical outlook for KEL shares is bearish. Investors should be cautious and consider these indicators when making trading decisions.
KEL - BULLISH KEL is currently in a bearish trend on 15min chart,
divergence was printed there's a possibility of reversal from this zone
long entry is recommended
KEL | Next Support!KEL is facing selling pressure and can test its support level of 4. If the selling pressure resumes and the buyer gets active then a possible pull back is expected towards the trend line resistance around 5.50.
KEL🚀 Stock Alert: KEL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range: 4.70-4.80
🎯 First Target: 5.40
🎯 Second Target: 6
⚠ Stop Loss: 4.25
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: The price is rejecting after making a top of 5.41 and currently near to its support level that lies around 4.80-4.70 from where pull back is expected. Upon confirmation long position can be consider for the target of 5.40 and upon break and sustain it can trigger towards 6 rupees. Use stop loss at 4.25 to manage risk.
KEL🚀 Stock Alert: KEL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Level: 4.50
🎯 First Target: 5
🎯 Second Target: 5.50
⚠ Stop Loss: 4
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: The price action pull back from its trend line and currently trading in a consolidation phase. Upon break out price can test its initial resistance around 5 and upon breaching secondary resistance lies around 5.50. Use stop loss at 4.50 if it breaks downward to manage risk.
KEL Inverted Head & Shoulder PatternIt is advisable to consider the formation of an inverted head and shoulders pattern, suggesting a potential trading opportunity. A suggested entry point would be at the right shoulder, indicated at 4.50. Following the breakout above the neckline, resistance is anticipated at 5.80, presenting a potential gain of 30% post-accumulation. It is noteworthy that a significant supply zone is identified at 6.30.
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KEL🚀 Stock Alert: KEL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Level: 4.35
🎯 First Target: 4.85
🎯 Second Target: 5.20
⚠ Stop Loss: 3.90
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
KEL is BearishKEL seems to have exhausted its bullish momentum, as bears warm up to seize momentum from resistance around 6.70. Huge bearish divergence on RSI also signals that caution must be practiced.
KELThe price is approaching the monthly resistance at 4.88, with a notable 96.5 million increase involumes on DoD basis. Short-term rejection is anticipated, and a breakthrough could test next resistance at 6.75. Risk is defined below 2.91.
KEL can test supportKEL give closing above 2.50 with high volumes. It can give correction till 2.50 to test its previous resistance acts as support for the next pump. Stop loss below 2.50.
KEL next big moveKEL - 1D: Price action is currently testing resistance around 2.50 with structural break of parallel channel. It seems that price may have the strong potential to break successfully of this zone and enters above the resistance to act as support. We can expect the price to unlock the next resistance (target) of around 3.67. However, risk is defined under 1.90.
